![No Disallowance u/s 14A of Income Tax Act shall be made in Absence of any Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-Income-Tax-Act-Absence-Exempt-Income-ITAT-TAXSCA.jpeg "No Disallowance u/s 14A of Income Tax Act shall be made in Absence of any Exempt Income: ITAT [Read Order]")
No Disallowance u/s 14A of Income Tax Act shall be made in Absence of any Exempt Income: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that no disallowances under Section 14A of the Income Tax Act, 1961 shall be...
![Obligation of Taxpayer is fulfilled when he establishes Identity, Credit Worthiness and Genuineness of Transaction concerning Unexplained Income u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Obligation-of-Taxpayer-establishes-Identity-Credit-Worthiness-Genuineness-of-Transaction-concerning-Unexplained-Income-ITAT-TAXSCAN.jpg "Obligation of Taxpayer is fulfilled when he establishes Identity, Credit Worthiness and Genuineness of Transaction concerning Unexplained Income u/s 68: ITAT [Read Order]")
![Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deletion-Income-Tax-Incomplete-Material-Evidence-Assessee-ITAT-CITA-TAXSCAN.jpg "Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]")
![ITAT levies Cost of Rs 5000 to be Paid towards PMs Relief Fund for Callous Attitude of Ignoring Notices of CIT(A) NFAC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-ITAT-levies-Cost-PMs-Relief-Fund-Relief-Fund-Callous-Attitude-of-Ignoring-Notices-taxscan.jpg "ITAT levies Cost of Rs 5000 to be Paid towards PMs Relief Fund for Callous Attitude of Ignoring Notices of CIT(A) NFAC [Read Order]")
![Failure of AO to provide Sufficient Time for required details Prevents Verification at the Time of Assessment: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-AO-provide-sufficient-time-details-prevents-verification-assessment-ITAT-readjudication-TAXSCAN-1.jpg "Failure of AO to provide Sufficient Time for required details Prevents Verification at the Time of Assessment: ITAT directs Readjudication [Read Order]")
Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that assessee was failed to discharge the onus to prove genuineness of cash credited by cheques in various bank accounts. Assessee Ashok...
![Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-Discharge-Prove-Genuineness-cash-credited-cheques-Bank-Accounts-ITAT-AO-TAXSCAN.jpg "Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]")
Appeal failed in absence of Name of Assesee in Form 26AS: ITAT allows to Make Necessary Corrections [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) allowed necessary corrections when the appeal failed in the absence of the name of the assessee in Form 26AS. The representative on...
![Appeal failed in absence of Name of Assesee in Form 26AS: ITAT allows to Make Necessary Corrections [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Appeal-Name-Assesee-Form-26AS-ITAT-Necessary-Corrections-TAXSCAN.jpg "Appeal failed in absence of Name of Assesee in Form 26AS: ITAT allows to Make Necessary Corrections [Read Order]")
Goodwill is Intangible Asset, Claim of Depreciation u/s 32(1) of Income Tax Act Allowable: Delhi HC [Read Order]
In a recent decision the Delhi High Court observed that goodwill is intangible asset and claim of depreciation under Section 32(1) of the Income Tax Act, 1961 is allowable. The respondent. M/s...
![Goodwill is Intangible Asset, Claim of Depreciation u/s 32(1) of Income Tax Act Allowable: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Goodwill-Intangible-Asset-Claim-Depreciation-Income-Tax-Act-TAXSCAN-.jpg "Goodwill is Intangible Asset, Claim of Depreciation u/s 32(1) of Income Tax Act Allowable: Delhi HC [Read Order]")
Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench directed the deposit cost of Rs. 20,000/ in Prime Minister Relief Fund due to non-compliance of notice issued by the CIT(A) during appeal...
![Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-Compliance-Notice-appeal-proceedings-ITAT-Deposit-Cost-PM-Relief-Fund-TAXSCAN-.jpg "Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]")
Income Tax Exemption u/s 10(23C)(iiiac) allowable When 50% of Total Receipts of Grant Received by Institute of Liver and Biliary Sciences from Govt: Delhi HC [Read Order]
The Delhi High Court has held that the Income Tax exemption under section 10(23C)(iiiac) of the Income Tax Act, 1961 is allowable only when 50% of total receipts of grants are received by the...
![Income Tax Exemption u/s 10(23C)(iiiac) allowable When 50% of Total Receipts of Grant Received by Institute of Liver and Biliary Sciences from Govt: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Exemption-u-Total-Receipts-Grant-Received-Institute-Liver-Biliary-Sciences-Govt-Delhi-HC-TTAXSCAN.jpg "Income Tax Exemption u/s 10(23C)(iiiac) allowable When 50% of Total Receipts of Grant Received by Institute of Liver and Biliary Sciences from Govt: Delhi HC [Read Order]")
CIT(A) passed Order not on Merits: ITAT Directs Re-Adjudication taking Cognizance of Evidences [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication taking cognizance of evidence as the Commissioner of Income Tax Appeals (CIT(A)) passed order not on merits. ...
![CIT(A) passed Order not on Merits: ITAT Directs Re-Adjudication taking Cognizance of Evidences [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/CITA-Order-Merits-ITAT-Re-Adjudication-ITAT-Directs-Re-Adjudication-Cognizance-of-Evidences-Cognizance-ITAT-Directs-Re-Adjudication-taking-Cognizance-of-Evidences-Taxscan.jpg "CIT(A) passed Order not on Merits: ITAT Directs Re-Adjudication taking Cognizance of Evidences [Read Order]")
Absence of Continuity in action of AO and CIT(A): ITAT deletes Penalty imposed without sure about nature of Default [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench deleted the penalty imposed without sure about the nature of default thus the bench observed absence of continuity in action of the assessing...
![Absence of Continuity in action of AO and CIT(A): ITAT deletes Penalty imposed without sure about nature of Default [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Absence-Continuity-action-AO-CITA-ITAT-Penalty-TAXSCAN.jpg "Absence of Continuity in action of AO and CIT(A): ITAT deletes Penalty imposed without sure about nature of Default [Read Order]")